🟢 Oil Fund (USO) is trading 6.65% up in pre-market as Strait of Hormuz talks hit impasse

USO is trading at $125.83 (+6.65%) as Strait of Hormuz reopening negotiations reach an impasse, sustaining supply-disruption risk.

• Iran is demanding U.S. concessions, including sanctions relief and compensation, before reopening.
• WTI surged 5.05% to $82.13 on August 10, lifting oil-linked ETFs.
• Investors are also positioning ahead of the July CPI release scheduled for August 12.